Selling Google put at 130(premium+existing price mustabove)
Selling Google put at 130(premium+existing price mustabove) expiry today $GOOGL 20220805 130.0 PUT$$Alphabet(GOOG)$$Nasdaq 100 ETF(QQQ)$$NASDAQ 100 Covered Call ETF(QYLD)$
I am trying selling Google put at 130 strike
Taking premium above 12.88
The moment I will get the order done I will sell my existing stock at 118 earning the difference around 0.88
A cash-covered put is a 2-part strategy that involves selling an out-of-the-money put option while simultaneously setting aside the capital needed to purchase the underlying stock at the option's strike price.
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